Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Ora Gold Limited engages in the mineral exploration activities in Australia. The company primarily explores for copper, gold, and uranium; and base metals, such as nickel and graphite. Its flagship project is the Garden Gully property comprising the 2 mining leases, Crown Prince and Lydia mining lease applications, 21 granted prospecting licenses, and 8 exploration licenses covering an area of 309 square kilometers located in Meekatharra, Western Australia. The company was formerly known as Thundelarra Limited and changed its name to Ora Gold Limited in March 2019. Ora Gold Limited was incorporated in 2003 and is based in Nedlands, Australia.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is underpriced on P/E.